Another potential competitive vector for insurers

ASX listed fintech lenders Plenti and Wisr have reported that their most recent quarter was a record. One of the most significant drivers for both stocks was growth in car loans. Plenti Group for example made loan originations of $130.9 million and its total loan portfolio reached $508 million. Another potential competitive vector for insurers, the likes of Wisr and Plenti move on a regulatory compliant, digitally enabled car insurance offering at the point of sale. Read more.

Source: Australian FinTech